(RTTNews) – Spectris plc (SEPJF.PK, SXS.L), a provider of precision instrumentation and controls, on Thursday introduced the acquisition of Piezocryst Superior Sensorics GmbH from AVL Listing GmbH for 133.5 million euros or 112.2 million kilos.
The acquisition is topic to customary completion circumstances and regulatory approvals and is anticipated to shut across the finish of the yr.
Graz, Austria-based Piezocryst is a supplier of piezoelectric sensors, specialising in high-precision strain sensors and accelerometers for demanding functions. Piezocryst is anticipated to generate gross sales of 27.5 million euros or 23.1 million kilos in 2024 and an EBITDA margin of round 30%.
The acquisition is straight away accretive to each Spectris Dynamics and Group margins. The mix is anticipated to generate a further 4.8 million euros or 4.0 million kilos of EBITDA from synergies by 2027.
Following the acquisition, Piezocryst will be part of the Spectris Dynamics Division and be built-in into the HBK enterprise, increasing HBK’s current product vary.
The corporate expects that Piezocryst sensing know-how will improve Spectris Dynamics buyer providing throughout the automotive, aerospace & defence, power and industrial markets. Piezocryst may also profit from leveraging HBK’s international gross sales and repair community.?
For Spectris, the acquisition is strongly aligned with its technique for Spectris Dynamics to create a premium strain and vibration sensing providing, constructing on the earlier acquisitions of Dytran and MicroStrain.
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